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Started By
Message
60% Chance of Fed Emergency Cut Meeting
Posted on 8/5/24 at 8:37 am
Posted on 8/5/24 at 8:37 am
Per Fox Business. We having fun yet?
7
Posted on 8/5/24 at 8:43 am to FizzyPop
Can’t wait to refinance my house at 4.5% in a year 
Posted on 8/5/24 at 8:44 am to FizzyPop
Would be stupid
This post was edited on 8/5/24 at 8:45 am
Posted on 8/5/24 at 8:45 am to PhiTiger1764
Just do .25 and get it over with.
Posted on 8/5/24 at 8:46 am to FizzyPop
Timing is the question, they rarely do something as quick as the media pundits try to suggest
Posted on 8/5/24 at 8:46 am to PhiTiger1764
They just meet last week
They can't look feckless after transitory call
They can't look feckless after transitory call
Posted on 8/5/24 at 8:46 am to Hateradedrink
Buddy in finance just texted me that they're looking at COVID level rates. Possibly even going below 2%.
Posted on 8/5/24 at 8:47 am to MrJimBeam
quote:
Just do .25 and get it over with.
That's what is being contemplated it appears. An emergency 25 and then a planned 50 in Sept.
Posted on 8/5/24 at 8:48 am to SouthBendBob
quote:
Buddy in finance just texted me that they're looking at COVID level rates. Possibly even going below 2%
Based on what?
Posted on 8/5/24 at 8:48 am to SouthBendBob
Lmao there’s no way this happens but I would fricking die laughing
Posted on 8/5/24 at 8:50 am to SouthBendBob
quote:
Buddy in finance just texted me that they're looking at COVID level rates. Possibly even going below 2%.
There's no way they're that stupid, or at least I hope they're not that stupid.
Posted on 8/5/24 at 8:50 am to SouthBendBob
quote:
Buddy in finance just texted me that they're looking at COVID level rates. Possibly even going below 2%
Let me guess he works for Edward Jones
Posted on 8/5/24 at 8:52 am to SouthBendBob
quote:
Buddy in finance just texted me that they're looking at COVID level rates. Possibly even going below 2%.
Your buddy seems in the know
Posted on 8/5/24 at 8:53 am to UltimaParadox
quote:
Let me guess he works for Edward Jones
Ok... I laughed!
Posted on 8/5/24 at 8:54 am to FizzyPop
That isn't going to work and may make things worse (i.e. cause more unwinding of this $20T Yen carry trade that is what is currently exploding)
Posted on 8/5/24 at 8:56 am to SouthBendBob
quote:I'm "in finance" too and I think your buddy is full of poo-poo.
Buddy in finance just texted me that they're looking at COVID level rates. Possibly even going below 2%.
Posted on 8/5/24 at 8:59 am to FizzyPop
Sorry, blood needs to be spilt until we stabilize this shite. Cutting rates bail out the banks and causes more inflation.
Posted on 8/5/24 at 9:07 am to UltimaParadox
He does work for Edward Jones and I don’t know enough to understand why that would be an issue. I was just -asking along a text from our group chat this morning.
Posted on 8/5/24 at 9:09 am to SouthBendBob
quote:
He does work for Edward Jones
Lmao
Posted on 8/5/24 at 9:13 am to SouthBendBob
quote:
He does work for Edward Jones and I don’t know enough to understand why that would be an issue
I am not saying anything particular about your friend, but Edward Jones has a reputation in the industry.
They will hire anyone off the street, no degree required. Will give them the 2-week crash course on selling "financial instruments" to your family and co-workers that basically provide the company with the largest fees possible. They even charge new hires fees to take their training. These guys are purely salesmen, not financial advisors.
I am sure like in any business there are good ones out there, but they have a reputation for that reason.
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